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Acclaim's Auditors Say Losses Raise Doubt About Its
Viability

By

David D. Kirkpatrick Staff Reporter of The Wall Street Journal

Updated Dec. 18, 1996 12:01 a.m. ET

GLEN COVE, N.Y. -- Acclaim Entertainment Inc., which led the home video-game market two Christmases ago with hits such as Mortal Kombat and NBA Jam, said its auditors warned that its losses for the latest fiscal year "raise substantial doubt about its ability to continue as a going concern."

The company disclosed fiscal fourth-quarter and full-year losses that were wider than preliminary estimates made earlier this month by...